Service Corporation International (SCI)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 377,330 | 389,094 | 410,606 | 449,342 | 498,286 | 453,801 | 322,916 | 326,114 | 359,846 | 338,346 | 361,770 | 458,732 | 441,060 | 571,863 | 586,574 | 387,485 | 376,152 | 366,058 | 383,636 | 359,468 |
| Total current liabilities | US$ in thousands | 723,839 | 743,186 | 742,692 | 726,148 | 749,100 | 712,872 | 688,333 | 767,399 | 799,280 | 706,588 | 715,111 | 775,205 | 728,261 | 724,262 | 691,492 | 841,782 | 815,934 | 622,134 | 606,825 | 587,294 |
| Current ratio | 0.52 | 0.52 | 0.55 | 0.62 | 0.67 | 0.64 | 0.47 | 0.42 | 0.45 | 0.48 | 0.51 | 0.59 | 0.61 | 0.79 | 0.85 | 0.46 | 0.46 | 0.59 | 0.63 | 0.61 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $377,330K ÷ $723,839K
= 0.52
The current ratio for Service Corporation International has shown some fluctuations over the periods analyzed. It started at 0.61 as of March 31, 2020, and generally trended downwards to a low of 0.42 as of March 31, 2023. Subsequently, there was an improvement in the current ratio, reaching 0.67 by December 31, 2023, before slightly decreasing to 0.52 by December 31, 2024.
The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term obligations, while a ratio above 1 suggests that it has more than enough current assets to cover its current liabilities.
In the case of Service Corporation International, the ratios below 1 during most of the period may raise concerns about its short-term liquidity and ability to meet immediate payment obligations as they come due. However, the slight improvement towards the end of the period is a positive sign. Further analysis is needed to determine the factors contributing to these changes and to assess the company's overall financial health.
Peer comparison
Dec 31, 2024